of the economy that's done so poorly than president obama has. >> live from denver this morning, cnn's live coverage of the debate starts tomorrow night 7:00 eastern. >>> time is running out for congress and president obama to reach a budget deal. if they don't, the fiscal cliff could cost you thousands of dollars in tax increases and they could begin next year. alison kosik at the new york stock exchange. i was scared, alison. >> yeah, you know why? because this would have a huge impact if we do go over this so-called fiscal cliff. 88% of us, we are going to pay more in taxes. the tax policy center says, you know what? for the average american, it means thousands more dollars in taxes. now, overall, of course, varies based on how much you make. and i want to show you what you make here. for low-income people, people making less than $20,000, an extra $400 in taxes you pay, in the middle income area, an extra $2,000, the richest people making over $108,000, you pay an extra $14,000 extra. why would all this happen? well, of course, a record number of tax increases, they're all going to kick